US spot ETPs purchased more than 529,000 Bitcoins, far exceeding the number of newly mined Bitcoins

Odaily News Since the launch of the US spot ETP, 529,325 bitcoins have been purchased, while only 249,725 new bitcoins have been mined during the same period. This shows that institutional demand for Bitcoin far exceeds the current supply, and the market demand for Bitcoin remains strong. (Cointelegraph)